Competition Commissioner Matthew Boswell isn’t giving up the fight in his quest to quash Rogers Communications’ planned $20-billion takeover of Shaw Communications. Boswell is taking that fight to the Federal Court of Appeal, which will conduct a one-day hearing in Ottawa on Jan. 24, as Boswell argues the Competition Tribunal made errors in its ruling, which helped clear the path for the mega-deal to go through. The timing is also somewhat significant – that Jan. 24 date is exactly a week before the deal deadline, though said deadline can be extended (albeit with the consent of Quebecor, which has agreed to buy Shaw’s Freedom Mobile assets for $2.85 billion, should the takeover gain regulatory approval.) MARKETS (RE)ATTEMPT REBOUND Now, this newsletter got burned yesterday making a similar observation before things abruptly changed course, but markets can make fools of us all. In any case, U.S. equity market futures are pointing to a higher open , which would track with the broadly positive day we’ve seen on European and Asian indices. Whether that holds is again, anyone’s guess – I would say let’s keep an eye on things once we hit 2 p.m. EST, when we get the minutes from […]
CamTrader offers a preview only. View original article. www.bnnbloomberg.ca
